Gross Yield definition
Examples of Gross Yield in a sentence
To the extent that the Gross Yield Differential is less than the Final Servicing Fee Rate, Owner agrees to purchase such difference from the Company pursuant to the "downward adjustment" section of the Pricing Matrix.
Upon the earlier to occur of (i) the Maturity Date (as may be extended pursuant to Section 2.07) or (ii) a reduction or termination of Commitments pursuant to Section 2.05(a)(ii), the Borrowers agree to pay to each Lender an additional fee to the extent necessary to cause the Gross Yield to such Lender to equal not less than two and one-half percent (2.5%).
In the event that the Owner chooses to sell the Company a Final Servicing Fee Rate that is less than the Gross Yield Differential, then the difference between the Gross Yield Differential and the Final Servicing Fee Rate shall be considered Excess Servicing and shall be paid to the Owner on the remittance date specified in any servicing agreement with a Subsequent Purchaser, to the extent it is received from the related Mortgagor.
The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 1997-1 Certificates for the preceding Monthly Period)...................
The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 1997-3 Certificates for the preceding Monthly Period).................................................